The stuff I always used to use is paraffin and baby oil (mineral oil) combined. Baby oil works to some extent. Paraffin works better. The two combined are decent. I have never tried other oils but I have heard other people say that they have used things like vegetable oil. But it is true, I don't really know why oil works to boost the rubber. I just know that the stuff that expands the rubber usually gives a boost effect. Pnachtwey's water expanding the sponge thing is interesting. It is true, water would expand the sponge and you probably can't use it because of reasons like, the wood of your blade. The idea of extra gas in the air bubbles is also an interesting idea.
I do know that the things that have the best boost effect are also the things that evaporate the fastest. The effect of speed glue only lasted for a day or a few days at most. The reason I don't boost any more is: 1) it is a waste of time. 2) I boosted when I used H3 but I also found that, unlike other people my contact is, perhaps too direct for H3. I would wear out the topsheet of an H3 in about 3 weeks. It was weird. There would be this shinny patch where I contacted the ball with my FH and it would be shinny and smooth and all the tack was gone from that area. That part of the sponge played almost like anti-spin and the rest of the topsheet was still grippy. There was nothing I was able to do to restore the tackiness. The first two times it happened, I thought it was just a bad sheet. Then when it kept happening I realized that it was how my stroke was. It might work for me now. But I like what I am using and don't want to waste my time boosting rubbers.
So, I like and use ESN rubbers or Tenergy.
By the way, I also think that Pnachtwey's liquid in the air bubbles idea is interesting. It may be exactly why, when you use too much baby oil, the rubber feels mushy and not good for several days. Then it starts feeling okay after that. Mushy sponge could be oil in the air bubbles instead of air.